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Alaska Air Group allows shareholders to call special meetings

Seattle-based Alaska Air Group’s board of directors has voted to amend the company’s bylaws to allow a group of shareholders collectively owning at least 10 percent of the company’s shares to call a special meeting, the company announced Friday.

Shareholder defeated a proposed shareholder right to call special meetings in 2007 and then passed it in 2009.

“Although our shareholders were in favor of the concept of the right to call a special meeting, there has been mixed opinion about the appropriate threshold of ownership for calling such a meeting,” Keith Loveless, Alaska Air Group’s corporate secretary, said in a news release. “As a result of recent discussions with some of our top shareholders, shareholders will now have the right to call special meetings if the 10 percent ownership threshold is met.”

Alaska Air Group is the parent company of Alaska Airlines and Horizon Air.

Note: This is a seattlepi.com reader blog. It is not written or edited by the P-I. The authors are solely responsible for content. E-mail us at newmedia@seattlepi.com if you consider a post inappropriate.